Common use of Number and Qualifications Clause in Contracts

Number and Qualifications. The number of Managers of the Company shall not be less that one (1) nor more than five (5), as may be determined by the Member from time to time, but no decrease in the number of managers shall have the effect or shortening the term of any incumbent Manager. Managers need not be residents of the State of Delaware. The Managers in their discretion may elect a chairman of the Managers who shall preside at meeting of the Managers.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Trinity Parts & Components, LLC), Limited Liability Company Agreement (Trinity Industries Inc), Limited Liability Company Agreement (Trinity Parts & Components, LLC)

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Number and Qualifications. The number of Managers of the Company shall not be less that than one (1) nor more than five seven (5), 7) as may be determined by the Member from time to time, but no decrease in the number of managers Managers shall have the effect or of shortening the term of any incumbent Manager. Managers need not be residents of the State of Delaware. The Managers in their discretion may elect from among the Managers a chairman of the Managers who shall preside at meeting meetings of the Managers.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Ensource Energy Income Fund LP), Limited Liability Company Agreement (Cheniere Pipeline GP Interests, LLC), Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC)

Number and Qualifications. The number of Managers of the Company shall not be less that than one (1) nor more than five (5), as may be determined by the Member from time to time, but no decrease in the number of managers Managers shall have the effect or of shortening the term of any incumbent Manager. Managers need not be residents of the State of Delaware. The Managers in their discretion may elect a chairman of the Managers who shall preside at meeting meetings of the Managers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Trinity Marine Products, Inc.)

Number and Qualifications. The number of Managers of the Company shall not be less that than one (1) nor more than five seven (57), as may be determined by the Member from time to time, but no decrease in the number of managers Managers shall have the effect or of shortening the term of any incumbent Manager. Managers need not be residents of the State of Delaware. The Managers in their discretion may elect a chairman of the Managers who shall preside at meeting meetings of the Managers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Exco Resources Inc)

Number and Qualifications. The number of Managers of the Company shall not be less that than one (1) nor more than five seven (5), 7) as may be determined by the Member Members from time to time, but no decrease in the number of managers Managers shall have the effect or of shortening the term of any incumbent Manager. Managers need not be residents of the State of Delaware. The Managers in their discretion may elect from among the Managers a chairman of the Managers who shall preside at meeting meetings of the Managers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cheniere Pipeline GP Interests, LLC)

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Number and Qualifications. The number of Managers of the Company shall have (i) one Independent Manager, and (ii) not be less that than one (1) nor more than five seven (5)7) other Managers, as may be determined by the Member Member(s) from time to time, but no decrease in the number of managers Managers shall have the effect or of shortening the term of any incumbent Manager. Managers need not be residents of the State of Delaware. The Managers in their discretion may elect from among the Managers a chairman of the Managers who shall preside at meeting meetings of the Managers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cheniere Corpus Christi Holdings, LLC)

Number and Qualifications. The number of Managers of the Company shall have (i) one Independent Manager and (ii) not be less that than one (1) nor more than five seven (5)7) other Managers, as may be determined by the Member Member(s) from time to time, but no decrease in the number of managers Managers shall have the effect or of shortening the term of any incumbent Manager. Managers need not be residents of the State of Delaware. The Managers in their discretion may elect from among the Managers a chairman of the Managers who shall preside at meeting meetings of the Managers.

Appears in 1 contract

Samples: Liability Company Agreement (Sabine Pass Liquefaction, LLC)

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